Common use of Future Equity Incentive Plans Clause in Contracts

Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain PubCo from adopting, modifying or terminating equity incentive plans for the benefit of employees, directors or other business associates of PubCo, the Company or any of their respective Affiliates. The Members acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by PubCo, amendments to this Section 3.10 may become necessary or advisable and that any approval or consent to any such amendments requested by PubCo shall be deemed granted by the Manager and the Members, as applicable, without the requirement of any further consent or acknowledgement of any other Member. In the event that any employee share purchase plan or similar plan is adopted by PubCo, Section 3.10(b) shall be applied to any share purchases thereunder mutatis mutandis.

Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain PubCo Pubco from adopting, amending or otherwise modifying or terminating equity incentive plans for the benefit of employees, directors directors, consultants or other business associates of PubCoPubco, the Company or any of their respective Affiliates. The Members acknowledge and agree that, in the event that any such plan is adopted, amended or otherwise modified or terminated by PubCoPubco, amendments or other modifications to this Section 3.10 3.09 may become necessary or advisable and that any approval or consent to any such amendments requested by PubCo Pubco shall be deemed granted by the Manager and the Members, as applicable, without the requirement of any further consent or acknowledgement of any other Member. In the event that any employee share purchase plan or similar plan is adopted by PubCo, Section 3.10(b) shall be applied to any share purchases thereunder mutatis mutandis.